Updated almost 10 years ago on .
Need Private Money/Partner to fund the purchase of RE Tax liens
Need financial partner to join my Team for the purchase of very lucrative, hand picked RE Tax liens. My County allows me to 1).select the liens I wish to purchase, 2). pay for the total amount due plus costs 3). Give them to the Sheriff to prepare for the sale(auction 4)bid at least that amount at the auction. 5). If I'm the successful bidder I pay the remaining amount due if any, if not the amount paid to the Tax Commissioner for that/those tax liens is refunded. 6). I get the tax deed which is subject to the former owner's 1 year right of redemption. This system allows us time to research our properties thoroughly before the Auction to make sure each property fits our model.
Protection of our partners capital is priority #1. The investment in each property should not exceed 20% of its as-is tax value and the
We are gearing up to purchase between 2-4 properties each month, most of which will be commercial, multi-family and vacant developed land. My ideal partner will be able to have at least $2 Mil available for the 1st year of this operation.
My back ground consists of over 40 years as a successful Real Estate broker, appraiser, Site location specialist(Burger king, Sea Host Restaurants, EconoTravel motels and White Trucking Co.) and RE Investor.